Upside target is still 4235 as long as 4113 holds. If 4163 fails, next bullish bounce can be seen from 4146 or 4135. Close below 4113 may indicate short term trend change unless we see a quick crash and bounce around 4050. On upside, 4188 is immediate resistance, once overcome can move towards 4235-4240.
The whole week spy has been pretty choppy but managed to stay above the critical 416.32 support. If bulls manage to keep it above that level, we may get to see SPY fill that gap to the upside. The critical level SPY needs to pass is 420. If it doesn't I suspect we will see this choppy market continue and spy will likely trade between 416.32 and 420 until it...
Showed to be overbought, broke out of resistance with no overbearing candles and only baby candles, I'm expecting a drop to around the 78.60% Fibonacci level
Possible inverted cup and handle formation.
2/28 - SPY / Market looking to consolidate gains of 2020 through the middle of 2021. 1. The gap down and down week on higher volume is telling of a coming consolidation/correction. 2. The usual 4th wave pullback formed a triangle and its measured target hit almost exactly. 3. 5th wave of primary looks to be complete. At a key area here. the 2020 up trend line...
We are breaking the long-term ascending wedge: - We're at resistance that's been in place since May 2019 - We're barely holding support since COVID low (this is 4th touch) -> I expect we will continue to break down out of this ascending wedge. It may be tomorrow, it may be sometime in March, but it'll happen -> Frankly, we need some consolidation with all...
If you look at the chart i posted earlier. Well here's your breakout :( I took a lotto 6/18 50c @ 1.00 and sold for @ 3.50 just now. Lets see where the market goes from here. Be patient and ride the trend!
Contract - CME_MINI:ESH2021 - High - 3797.75 - Low - 3792.00 Evening Stats - Gap: = +0.08% - Session Open ATR: 48.99 - Volume: 104K - Open Int: 2.5M - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 4020 - Short: 3620 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions...
This is my first time charting UVXY, not saying i'm freaking out but i'll look at this chart every single day now bc its scary.. Copy the chart and look at smaller timeframes
Small companies are going to fail due to this pandemic sweeping out the rug and causing a crash of biblical proportions... Looking to get short soon investers BE VERY CAREFUL!!!
For every one that wants a quick analysis. Basically, SPX is going to be bouncing in this 3400-3205 range for a little while. I believe that we are entering into a consolidation period before a big move. To early to tell which way it is going to go. For everyone that wants a more detailed analysis here it is. SPX broke through its major support line, the grey...
Price is at the major HL on the daily and as long as price doesnt break it we are still in an overall uptrend and this is your best buying opportunity. if price does break tho, then you can expect it to about $314 next
Key points The DXY may bounce on resistance as shown Oil may bounce on support as shown Bonds remain unchanged as shown Need to gauge Asia's reaction from our sell off today for confirmation on tomorrows trade For those that don't understand intermarket relationships. From left to right and can start at any point. Currency ------> commodities...
based on how this week is playing out I still remain cautiously bullish. Once close & break above 3360 may look longer to 3500 area
September 28th Resistance/support will intersect and we will see downwards movement into new territory. The risk vs reward for shorting is much greater than going long at the moment. Short term Bearish/neutral Medium term Bearish Long term Bullish I believe we are setting up another Jan 2018 OR OCT 2018. Red arrows indicating heavy...
In my philosophical view, humans tend to always need an "answer" for everything in life. Historically we created gods to explain the unexplainable. That's not to say that i am an atheist in my religious view, nor am i trying to make this a religious discussion, I'm purely commenting on human nature. We are a curious species and we learned to not take "no" or "i...
Price has been on a long bull run so its about time for a pullback. Price made a big move to the downside but is still in an overall uptrend. Although I know price is still in an uptrend I am looking to go short on SPY if it pulls up into my sell zone before reaching one of my buy zones. I am also not going to just buy SPY at those zones just because price comes...